Wealth India -SEBI Registered ®️🔹

markets opened flat as expected

*Indian Equities Pre Open Update*


Indian equities expected to open with flat note, however consolidation expected to be seen at higher levels.

*Global Peers Update:* Asian markets opened with marginal gains and consolidation has seen post opening as rising Dollar index and commodity prices continued to remain on market focus. U.S. stock index futures are trading with marginal gains after previous session’s losses in tech heavyweights Apple and Tesla saw Wall Street mark a weak start to 2025.

*Sectors to Watch:* Infrastructure, Consumer Durables and Oil upstream stocks expected to remain on focus during the day.

*GIFT NIFTY Price* 24195.0 *Adjusted Change:* -88.0 Points, Percent Change: -0.36%

*Technical Levels: Nifty Near Future*

*Support*: 24119.0/24056.0
*Resistance*: 24369.0/24463.0

*Technical Levels: Bank Nifty Near Future*

*Support*: 51684.0/51439.0
*Resistance*: 52018.0/52185.0

https://t.me/wealthindia_stockmarket

*Securities in F&O Ban For Trade Date 03-January-2025*

* MANAPPURAM
* RBLBANK

*Fund Houses Recommendations*


Jefferies on *Amber:* Maintain Buy on Company, target price at Rs 8840/Sh (Positive)

Jefferies on *Syrma SGS:* Maintain Buy on Company, target price at Rs 730/Sh (Positive)

Jefferies on *Jubilant Food:* Maintain Buy on Company, target price at Rs 1000/Sh (Positive)

Jefferies on *ONGC:* Maintain Buy on Company, target price at Rs 375/Sh (Positive)

Nomura on *Dixon:* Maintain Buy on Company, target price at Rs 22256/Sh (Positive)

Nomura on *Voltas:* Maintain Buy on Company, target price at Rs 2142/Sh (Positive)

MS on *Maruti:* Maintain Overweight on Company, target price at Rs 14124/Sh (Positive)

MS on *Petronet:* Maintain Equal weight on Company, target price at Rs 400/Sh (Positive)

JP Morgan on *Petronet:* Maintain Overweight on Company, target price at Rs 377/Sh (Positive)

Citi on *Eicher Motors:* Maintain Buy on Company, target price at Rs 5350/Sh (Positive)

Jefferies on Utilities: Aug-Nov 2024 power demand has been weak at 1% YoY decline, and 8MFY24 is just 4.4% YoY rise, *JSW Energy and NTPC* are top picks (Positive)

Jefferies on Transportation and Logistics: Our top picks are *JSW Infra, Concor, and TCI Express* (Positive)

CLSA on *India Strategy:* Add *Tata Motors, NTPC, Nestle and Britannia* to India-Focus portfolio. Remove HDFC Bank (Positive)

Morgan Stanley on NBFCs: Our key Overweight rated stocks where we see value and meaningful upside potential with margin of safety are *PNB Housing Finance and Shriram Finance* (Positive)

Jefferies on *India Strategy:* India long-only portfolio outperformed since inception rising by 87% compared with a 42.6% increase in the MSCI India Index and a 36.7% gain in the Nifty. Remains 49% invested in India (Positive)

Nomura on Consumer Staples: Consumer staples prefer *Marico, Hindustan Unilever and ITC* (Positive)

HSBC on *Banks:* Credit growth stabilizes after 5 months of moderation, with improved growth in NBFCs and retail loans; expects 12.5% growth in FY25, but GDP slowdown remains a risk (Neutral)

MS on *DMart:* Maintain Underweight on Company, target price at Rs 3702/Sh (Neutral)

Citi on *DMart:* Maintain Sell on Company, target price at Rs 3500/Sh (Neutral)

Jefferies on *Dixon:* Maintain Underweight on Company, target price at Rs 12600/Sh (Neutral)

Jefferies on *Kaynes:* Maintain Hold on Company, target price at Rs 6950/Sh (Neutral)

DAM on *Petronet:* Maintain Buy on Company, target price at Rs 385/Sh (Neutral)

Citi on *TVS Motors:* Maintain Sell on Company, target price at Rs 1700/Sh (Neutral)

CLSA on *Indusind Bank:* Maintain Overweight on Bank, cut target price at Rs 1300/Sh (Neutral)

CLSA on *Bandhan Bank:* Maintain Overweight on Bank, cut target price at Rs 220/Sh (Neutral)

https://t.me/wealthindia_stockmarket

*India Daybook – Stocks in News*


*Wockhardt:* Indian Drug Regulator approves new generation oral antibiotic MiqnafR for the treatment of community-acquired bacterial Pneumonia. (Positive)

*V2 Retail:* Standalone Revenue Up 58% at ₹591 Cr Vs ₹373.8 Cr (YoY) (Positive)

*NHPC:* Company received Rs 250 crore as the second installment of gross payment under a mega insurance policy. (Positive)

*Biocon:* Company receives NMPA approval for Tacrolimus capsules in China (Positive)

*Optiemus:* Company partners with Germany’s LS Spectrum for drone-based spectrum solutions in India (Positive)

*Procot Ind:* India Ratings upgraded Company's credit rating, from 'IND BBB' to 'IND BBB+’, reflecting improved financial strength (Positive)

*MOIL:* Production of Manganese Ore at 4.6 Lakh Tonnes, sales Up 13% YoY at 3.88 Lakh Tonnes (Positive)

*Deepak Builders:* CRISIL upgraded the company's Long term rating to BBB+/Stable from BBB-/Stable. (Positive)

*Capital Small Finance Bank:* Provisional Total Deposits Up 12% (YoY) On Dec-end, Provisional Gross Advances Up 19.2% (YoY) On Dec-end. (Positive)

*Divi's Laboratories:* Company announces commencement of commercial operations at its Unit III Greenfield project in Kakinada, Andhra Pradesh. (Positive)

*Signature/ Oberoi/ Macrotech:* Mumbai real estate market sees highest property registrations in 13 years, says report (Positive)

*Prataap Snacks:* CCI approves the proposed combination involving acquisition of 72.8% voting share capital in Prataap Snacks Limited by Authum Investment and Ms. Mahi Madhusudan Kela (Positive)

*JTL Industries:* Company reports highest ever 9M sales volume at 297,082 MT, a 14.3% YoY increase (Positive)

*Bank of Maharashtra:* Gross advances jumped by 21.19% YoY to ₹228,652 crore. Total deposits by 13.54% YoY to ₹279,018 crore. (Positive)

*IRFC:* Company said it has entered into a Memorandum of Understanding (MoU) with Railway Energy Management Company Ltd (REMCL), a joint venture of the Ministry of Railways (MOR) and RITES. (Positive)

*RITES:* Company secured order worth of Rs 69.8 crore from Steel Authority of India Limited. (Positive)

*Tirupati Tyres:* Company announced the appointment of Ms. Pratiksha Soni as its new Company Secretary and Compliance Officer, effective January 2, 2025. (Neutral)

*Allcargo Logistics:* Company Unit Flamingo Line Del Peru SA, has been voluntarily liquidated and ceased to be a subsidiary (Neutral)

*Hero MotoCorp:* Company has received an additional tax demand of Rs 26.4 crore from the government (Neutral)

*Zee Entertainment:* Settlement applications by Zee and Punit Goenka rejected (Neutral)

*DMART:* Company reported Standalone Revenue from operations for the quarter at Rs 15,565.23 crores (Up 17.5 percent). (Neutral)

*Varun Beverages:* Company invested Rs 4128.04 Million in its Subsidiary, the beverage company proprietary Ltd, South Africa. (Neutral)

*Honasa Consumer:* Company announced the resignation of its Chief Business Officer, Mr. Master Zairus, and effective February 28, 2025. (Neutral)

*Arihant Academy:* Company opened its 22nd coaching center in Virar (West), Mumbai. (Neutral)

*Pricol:* Board approves divestment of wiping business division of the company to Auto Ignition on a slump sale basis (Neutral)

*Hero Motocorp:* Total Sales Down 17.5% At 3.24 Lk Units Vs 3.93 Lk Units (YoY) Estimates: 3.70 Lk Units (Neutral)

*SSWL:* India Ratings and Research affirmed SSWL's debt instruments rating at 'IND AA-' with a Stable outlook. (Neutral)

*NLC India:* Company announced the resignation of its Company Secretary & Compliance Officer, Shri R. Udhayashankar. (Neutral)

*Axis Cades:* Arun Krishnamurthi resigns as MD & CEO of Axiscades Technologies w.e.f. January 2, 2025. (Negative)

*Hindustan Zinc:* Mined metal output down 2% at 2.65 lakh tonne year-on-year. (Negative)

https://t.me/wealthindia_stockmarket

*Global Equities’ Update*

Asian markets opened with marginal gains and consolidation has seen post opening as rising Dollar index and commodity prices continued to remain on market focus. U.S. stock index futures are trading with marginal gains after previous session’s losses in tech heavyweights Apple and Tesla saw Wall Street mark a weak start to 2025.

*Dow Future (US):* 42426, +28.0 points/ +0.07%

*Nasdaq Future (US):* 21034, +58.0 points/ +0.28%

*DAX Future (Germany):* 20129, -15.0 points/ -0.07%

*FTSE Future (UK):* 8255, -11.0 points/ -0.13%

*Hang Seng Future (Hong Kong):* 19677, +57.0 points/ +0.29%

*Taiex Future (Taiwan):* 22927, +84.0 points/ +0.37%

*Kospi (South Korea):* 2443, +44.0 points/ +1.85%

*Gift Nifty: (India)* 24195, -88.0 points/ -0.36% (Adjusted)

https://t.me/wealthindia_stockmarket

*News Headlines from Business News Agencies:*

*Business Standard*

📝 India-EFTA trade pact may come into force before end of 2025: Goyal
📝 Textile exports increase 7% to $21.35 bn in Apr-Oct of FY25: Govt
📝 Zepto sets up a new entity to streamline its operations ahead of IPO
📝 Sebi rejects settlement plea of ZEEL, Goenka; expands investigation
📝 Chinese EV makers extend buying incentives as price war enters 3rd year
📝 Himachal to allocate 22 new hydropower projects of 828 MW capacity: Sukhu
📝 Crude oil prices rise on China optimism as investors return after holiday
📝 Derivatives trading drops 38% on BSE, NSE in December due to Sebi curbs
📝 Banks urge RBI to inject liquidity via foreign-exchange swaps amid crunch
📝 ICMR proposes revised version of National Essential Diagnostics List
📝 Waaree Energies secures 150 MWp solar modules order for renewable project
📝 High rates, declining finance impacting exporters' competitiveness: CII

*Economic Times*

📝 Looking forward with hope, confidence to achieve growth at scale: Mahindra Group CEO & MD Anish Shah
📝 Honasa Consumer’s chief business officer Zairus Master resigns adding to top-level exits: sources
📝 IOCL to provide fueling services at Noida International Airport
📝 Car sales growth in India at 4-year low amid pressure on urban markets
📝 Tata Consulting Engineers acquires US firm to enter North America
📝 Xiaomi India appoints Sandeep Singh Arora as CBO
📝 Nasscom foundation names Jyoti Sharma as its new CEO
📝 Suzuki Motorcycle India sales rise 22 pc to 96,804 units in December
📝 India's non-life Insurance industry may register double-digit growth in 2025
📝 Cosmea Financial Holdings receives Sebi approval to enter mutual fund business
📝 MFIN extends deadline for adhering to maximum three-lenders per borrower rule by three months

*Mint*

📝 India's banking credit growth to remain subdued in FY2026, lowered forecast: ICRA
📝 Vi gears up for 5G rollout, plans 15% cheaper than Jio and Airtel: Report
📝 Copper holds near five-month low as weak demand outlook dominates
📝 Electric journey helps Tata Motors, Mahindra become first to win auto PLI
📝 TVS Motor sales jump 7% in December to 3.2 lakh units
📝 Govt sets up working group to revise WPI base year from 2011-12 to 2022-23
📝 Nvidia's market value gets $2 trillion boost in 2024 on AI rally
📝 ₹2,000 currency notes worth ₹6,700 crore yet to be returned, says RBI
📝 India's manufacturing growth at 12-month low in December
📝 Singapore fuel oil stockpiles dip but hold above 20 mln barrels
📝 RBI Floating Rate Savings Bond interest rate announced for January to June 2025
📝 GTRI calls for assessment of steel industry before taking safeguard measures

https://t.me/wealthindia_stockmarket

*Economic Calendar – 03/01/2025*


Japan @ Market Holiday

*20.30 U.S. ISM Manufacturing PMI (Expected: 48.3 versus Previous: 48.4)*

21.30 U.S. FOMC Member Barkin Speaks

https://t.me/wealthindia_stockmarket

Hi everyone,

January’s results season is here, and here’s what to expect:

*Hidden gems* : Some companies delivered great results last quarter, but their stocks didn’t move much. These could start moving soon, so keep an eye on them.

*Rebound potential* : Companies that struggled and saw their prices fall might bounce back if their upcoming results exceed expectations. A positive surprise could lead to growth, but if the numbers miss, we could see a drop.

*Consolidation* : Companies that did well and saw their stock rise last quarter might stay flat for now. They’ll likely consolidate until the next results.

https://t.me/wealthindia_stockmarket

than hedge funds — mostly 5 to 10 years.

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Featured Question

“When a company goes public , the private investors will offload shares to public in IPO and make money . How does company benefit from it ? I am confused as when they say raising capital”

When a company goes public (also known as going for IPO), it sells shares to investors.

There are two kinds of shares being sold in IPOs.

1. Fresh issue — these are new shares created by the company. Selling these shares in IPOs allows companies to raise money.

2. Offer-for-Sale (OFS) — these are shares currently owned by promoters, founders, early investors, etc. When these shares are sold, the entire money goes to the seller, not the company.

When an IPO happens, the number of fresh issue shares and OFS shares are declared.

Sometimes, there are no fresh issue shares. Only OFS shares are sold.

In such cases, the entire money is going to the sellers. The company does not get any money.

Sometimes, there are no OFS shares. Only fresh issue shares are being sold.

In such cases, the entire money is going to the company.

Practically speaking, most IPOs are a mix of fresh issues and OFS.

Companies raise money whenever there is a fresh issue.

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That's it for now. See you tomorrow! 😁

https://t.me/wealthindia_stockmarket

📊 Daily Digest

2 January 2024

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➣ Markets opened slightly above yesterday’s closing point. Nifty 50 gradually rose throughout the day and closed significantly higher.

➣ Auto stocks and IT stocks rose the most. Only media stocks fell.

➣ Global markets: US and UK markets were closed. Most Asian markets fell except for Australian markets.

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News

➣ India’s manufacturing PMI fell to 56.4 in December (vs 56.5 in November). Manufacturing growth in 2024 was the slowest in December.

➣ Indo Farm Equipment IPO subscribed 229.68 times. Retail subscription: 104.92 times. Closed for subscription.

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Stocks Updates

➣ Zomato: Blinkit (owned by Zomato) launched a 10-minute ambulance service in Gurugram, Haryana, starting with 5 ambulances.

➣ Varun Beverages: invested Rs 413 crore in its South African subsidiary, The Beverage Company Proprietary Limited, to repay its debt and for business growth.

➣ Divi’s Labs: commenced operations from a part of Phase 1 of Unit III greenfield project in Kakinada, Andhra Pradesh. Phase 1 of the project has a 200-acre size and an estimated investment of Rs 1,200 crore to Rs 1,500 crore.

➣ PNB: domestic loans disbursed rose 14.1% year-on-year to 10.62 lakh crore in the Oct-Dec quarter. Domestic deposits rose 14.4% to Rs 14.75 lakh crore.

➣ Waaree Energies: received a supply order of 150 MWp solar modules for use within the country.

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Auto Sales (Dec)

➣ Eicher Motors: Royal Enfield motorcycles sales rose 25% year-on-year to 79,466 units.

➣ TVS Motor: 2-wheeler sales rose 8% to 3.12 lakh units. 3-wheeler sales fell 18.16% to 9,685 units.

➣ Bajaj Auto: total 2-wheeler sales fell 4% to 2.72 lakh units, while commercial vehicle sales rose 16% to 50,952 units.

➣ M&M: SUV sales rose 18% year-on-year to 41,424 units. Tractor sales rose 20% to 22,943 units. 3-wheeler sales rose 8% to 5,750 units.

➣ Maruti Suzuki: total sales rose 29.59% year-on-year to 1.78 lakh units. Monthly exports rose 39.19% to an all-time high of 37,419 units.

➣ Hyundai: sales fell 2.4% to 55,078 units. Total domestic sales for 2024 rose 0.6% to an all-time high of 6.05 lakh units.

➣ Tata Motors: total sales rose 1% year-on-year to 76,599 units.

➣ Ashok Leyland: total sales rose 5% year-on-year to 16,957 units.

➣ Toyota Kirloskar: total sales rose 29% to 29,529 units. Total sales for 2024 rose 40% to an all-time high of 3.26 lakh units.

➣ Escorts Kubota: tractor sales fell 10.82% year-on-year to 5,472 units.

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Word of the Day

Sovereign Gold Bond (SGB)

It is a government bond that lets investors invest in gold without actually buying physical gold

It is issued by RBI on behalf of the Indian government.

These bonds have gold value attached to them as a whole number (the bonds have non-decimal gold values).

The value of these bonds is linked to the price of physical gold, so if the price of physical gold increases, the investment value also goes up.

Along with that, investors also get a fixed annual interest of 2.5% on their investments (which is paid twice a year).

Sovereign gold bonds have a maturity period of 8 years, with an option to redeem it after 5 years without any penalty.

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6 Day Course

Theme: types of funds

Day 4: Thursday

Private equity funds.

In one way, Private Equity (PE) funds are similar to hedge funds.

Like hedge funds, they also accept money only from certain kinds of investors — mostly very rich individuals, institutions like banks, etc.

The difference lies in where they invest. PE funds aim to invest in private companies.

Or, they invest in publicly listed companies and buy enough shares to gain control of the companies.

Their method of operation can be more active — they try to change the company itself.

There are different kinds of PE funds: early stage investor, distressed assets buyer, acquiring, etc.

Some of them are experts in distressed companies — turning around loss-making companies.

Their lock-in period is usually much higher

Fund Flow Activity:
02 January 2025 (Rs. In Crs.)

Turnover: (NSE + BSE)

F&O Volume: 41196211.01 + 2753269.51 Total: 43949480.52

Provisional Cash

FII/FPI: NET BUY: +1506.75
(13402.85 - 11896.1)

DII: NET BUY: +22.14
(14176.58 - 14154.44)

MARKT BIAS NEUTRAL FOR TOMMROW AS PER DATA

Reversed from 24226, but options premium eroded

nifty 24240 if crossed negative bias may get nullified

As per #astro Saturn with Moon leads the day, well supported by Sun, Mars (Rx and Neech), Jupiter (Rx) and Venus. Moon is forming a decent relationship with Mars (Rx). This combination usually results in sharp uprise after initial volatility and then profit booking from higher levels.

Astrological calculations suggest high chances of profit booking in markets post 1:48 pm

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